Guide to Conveyancing

Size: px
Start display at page:

Download "Guide to Conveyancing"

Transcription

1 Guide to Conveyancing Buying a new home is probably one of the biggest purchases you will make and we understand the enormity of the decision. Whether you are buying a new build property, selling a property or are moving to a new home, we aim to make the process as smooth and stress free as possible. We will guide you through the legal aspects of moving house and help you understand your rights and liabili es, making sure that the transac on runs as smoothly as possible. We offer no move no fee insurance which protects you from legal costs if the transac on falls through. You will be given the direct contact details of the person handling your case and we will keep you informed about the progress of your case every step of the way. We can also help you to put in place arrangements for the future co habita on agreement or will, for example because everyone needs the peace of mind that comes from knowing your investment is protected, no ma er what the future brings. The Process: Buying your property Agreement in principle Property Search search Contact us Appoint us Find out how much you can borrow and obtain an agreement in principle Look for a property and make and offer We will ask for some details and provide an es mate of our costs We will check your iden fica on and property details. You will need to provide us with monies to cover costs such as searches Documents We will ask for a copy of the tle deeds, dra contract, property informa on form and fi ngs and contents form. We will also raise enquiries Searches We will apply for searches including local authority search, drainage search and environmental search if necessary Search results We will receive results from searches and provide you with a report. Results may prompt the needs for further enquiries Sign contract It is now me to check and sign the contract, transfer deed, mortgage deed and Stamp Duty Land Tax Return Comple on date Exchange Comple on Congratula ons! Agree a comple on date with seller s conveyancer You are now legally bound to buy the property. We will send your deposit and signed contract to seller s conveyancer and request mortgage advance We will send the balance of the money to seller s conveyancer and you will now legally own the property You can now collect the keys from the estate agent or developer and move in

2 Guide to Conveyancing The Process: Selling your property Energy cer ficate Market property Agree price Appoint us Commission an Energy Performance Cer ficate. Market the property for sale. Agree a price with the Buyer We will check your iden fica on and property details. You will need to provide us with monies to cover costs such as searches 5 6 Obtain forms We will obtain official copies of the tle and send the property informa on form and fixtures and fi ngs forms for you to complete. Complete forms We will ask you to complete the property informa on form and the fixtures, fi ngs and contents form 7 Send forms We will send dra contract, completed property informa on form, and fixtures, fi ngs and contents form to buyer s conveyancer 8 Sign contract It is now me to check and sign the contract and transfer deed Exchange Give keys Comple on Congratula ons! You are now legally bound to sell your property. We will receive the deposit and signed contract from buyer's conveyancer Leave your keys with estate agent. Keys will only be released once conveyancer confirms that money has been received We will receive the balance of the money from the seller s conveyancer and you will now have sold your property legally You property has now been sold Contact our friendly conveyancing experts, Peterborough Stamford Oakham

3 Conveyancing: Frequently asked questions Q. How long does it take? The length of me a transac on will take is dependent upon many factors; such as the number of people in the chain, search results and mortgage offers. Q. Do I need a survey? If you are having a mortgage your lender will arrange a valua on survey on the property. This is a basic survey which is only for the benefit of the mortgage lender and will not consider the condi on of the property in detail. Your home is one of the largest purchases you will make, it is sensible to ensure its condi on is checked properly for poten al problems by an expert so, whilst it is not obligatory, we always recommend you commission a HomeBuyer report or full structural survey yourself. To find local surveyors in your area ask for recommenda ons from friends & family or your conveyancer. Q. How is conveyancing for a new build different? When buying a new build house, buyers may purchase a property before construction has begun or before the property is completed, this may mean that contracts are exchanged before the property is built and therefore a fixed completion date may not be given. The conveyancing process can be slightly different for new build properties and proper checks on planning permission for the property and development will be necessary along with checks that appropriate agreements are in place relating to the adoption of the roads and sewers, the access rights, and routes for other services. Q. Help To Buy is now available for many New Build purchasers, how does this affect the process of purchasing a property? Help To Buy is very popular with purchasers of New Build properties. The procedure can be complex and it is therefore very important that your solicitor is familiar with how the scheme works. Here at Hegarty Solicitors we are pleased and proud to hold Stakeholder Status with Help To Buy. Please contact a member of our New Build Team who would be happy to explain the scheme in more detail. Q. What is Shared Ownership? Shared Ownership means that buyers can buy a share of a property (between 25% and 75% of the home s value) and pay rent on the remaining share to a developer or housing associa on. You can take out a mortgage to pay for your share of the home s purchase price but this will need to be approved by the developer or housing associa on. At a later date, you could buy bigger shares to increase your share of the property. Q. What happens if my transac on falls through? We understand that occasionally things don t go as planned within the buying and selling process. If a transac on fails the conveyancer will already have completed a propor on of work and therefore will charge for this, even though the purchase or sale is no longer going ahead. We offer clients the opportunity to protect themselves against legal costs if the transac on fails. For a simple one off payment our no move no fee protec on policy covers your conveyancing costs in the event of a transac on falling through. This protec on policy costs just 75 including VAT for a single transac on, or you can protect both your sale and your purchase for just 99 including VAT; a small price compared to possibly hundreds of pounds in fees. Any disbursements already paid will not be refundable as these are paid to third party companies.

4 Technical terms explained Title Deeds (or if the property is registered at the land registry official copies of the title) show who owns the property, and if there are any rights or obligations attached to it. Property Information Form The seller completes this form to give general information about the property, for instance whether there have been disputes with neighbours, any guarantees on the property and if they have made any alterations. Fittings & Contents Form The seller completes this form. It is a list of items being left or removed from the property on completion. Transfer Deed This document transfers the legal title from the name of the seller to the buyer and is sent to the land registry to register the new details. Redemption figure This is the amount required to repay your mortgage. Freehold Property and associated land owned outright. Leasehold The exclusive right to reside in a property for a fixed period of time e.g. 90 years or 999 years. At the expiry of the lease you will have to vacate the property or purchase another lease. This type of purchase may involve additional payments to the individual or company that owns the freehold including maintenance or ground rent. You will also be limited by the lease as to how you can alter or use the premises. Conveyancing/ Property Searches Enquiring with various authori es such as Local Councils to obtain addi onal informa on about the property you plan to purchase. This informa on may include iden fying common drains and access rights to your property. Disbursements Fees paid to third party companies that carry out specific tasks in the buying/ selling process. For example, the local authority for planning searches. Enquiries Questions raised relating to property and the title of the property. Restric ve Covenants A contractual agreement that may restrict how the property land can be used and developed. Exchange of contracts Both the buyers and sellers sign a contract and their solicitors normally exchange them. On exchange both parties are committed to buy and sell the property. The deposit will have been paid and a completion date agreed. There are large financial penalties to pay if either side fails to complete after exchange. Completion date This is the moving date. On the day of completion the balance purchase price is sent to the seller s conveyancer. The sellers should have left the property and left the keys with the agents. The conveyancer will only allow the estate agent to release the keys once they have received the balance of the purchase price. Deposit An upfront payment to the seller or developer in the purchase of a house. This payment must come from the buyer themselves and not a loan.

5 Guide to costs of buying and selling your property Costs Your conveyancing quote should be a breakdown of all of the charges for your transac on. Our quote includes everything you should expect to pay, including disbursements. If you are comparing quotes please check if there are any addi onal costs not specified in the quote to ensure you are comparing like for like. There is no standard format for a quote but the items that are usually included are: 1. Conveyancer s fees this is the cost for the work carried out by the conveyancer. Make sure you check whether this includes VAT. 2. Fees for ac ng for lender if you are having a mortgage, your mortgage company will ask your solicitor to act for them as well and will make it a term of your mortgage that you pay the fee. 3. Official copies of the tle when you are selling a property your conveyancer must apply for a copy of the tle and tle plan from the land registry. These are commonly referred to as official copy entries. If the property is unregistered these are not necessary. 4. Searches the searches give informa on about the property. The main searches are: Local authority this looks at whether the council has adopted the road, planning applica ons and permissions and tree preserva on orders. Drainage this shows if the property is connected to the mains water supply and sewerage system and if property is on a water meter. Environmental this will search to see if the property may be on contaminated land, land liable to flooding, subsidence or landslip, or is near a landfill site. Land Registry this will protect the buyer between exchange and comple on and prevent any entries being made at the land registry. Bankruptcy all mortgage lenders require evidence that the buyer is not bankrupt. Leasehold o en an addi onal fee is added if the property is leasehold. Insurance some firms will automa cally include a fee for an insurance policy in case the transac on fails. At Hegarty LLP we give clients the op on of purchasing our No Move No Fee policy. 7. Land registra on fee this is for registering the new owners of the property at the land registry. 8. Stamp Duty Land Tax if you purchase a property for over 125,000 you will have to pay Stamp Duty Land Tax to HMRC. The tax is charged at increasing rates for each por on of the price, i.e. Nothing on the first 125,000 of the property price 2% on the next 125,000 5% on the next 675,000 10% on the next 575,000 12% on the rest (above 1.5 million) Higher rates for addi onal proper es addi onal 3% There are different rules if you are a first me buyer. Visit duty land tax Money Ma ers If you are buying property, the deposit or purchase price must be cleared funds. Cleared funds refers to money that has cleared the banking system and is available for use. Cheques and bankers dra s take 8 overnights to clear. We can accept cash to a limit of 1,000. Owing to the Money Laundering Regula ons we will ask you to produce bank statements for the account where the money is coming from. We o en suggest clients arrange an electronic transfer from their account to the Hegarty LLP client account. The money is already cleared and can be used immediately. Your bank/building society will charge you around 30 for this. Peterborough 48 Broadway, Peterborough PE1 1YW Stamford 10 Ironmonger Street, Stamford PE9 1PL Oakham 66 South Street, Oakham, Rutland LE15 6BQ Updated May 2018 The contents of this guide are for information only. Whilst all reasonable care has been taken in preparing this document we cannot accept responsibility for any loss arising from your decision to act or failure to act based on the information within. You should never act on this factsheet alone and we recommend that you seek professional legal advice for help regarding your specific circumstances before taking any action. This material is copyright of Hegarty LLP. Hegarty LLP, company number OC , is authorised and regulated by the Solicitors Regulation Authority number The registered office is 48 Broadway, Peterborough. PE1 1YW T Also at Stamford T and Oakham T

Buying or Selling a Property Legal Terms Explained For St. James s Place Clients

Buying or Selling a Property Legal Terms Explained For St. James s Place Clients Buying or Selling a Property Legal Terms Explained For St. James s Place Clients Bankruptcy Search - a search to check whether a buyer has been declared bankrupt. Boundaries - usually marked by fencing,

More information

A GUIDE. For Sellers

A GUIDE. For Sellers A GUIDE For Sellers WELCOME Stage 1 : Preparation Appoint your solicitor/property lawyer. Once appointed, it s their job to make the legal side of your sale proceed as smoothly as possible. Your appointed

More information

Our fees for residential conveyancing

Our fees for residential conveyancing Purchase of a freehold residential property Our fees for residential conveyancing Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration

More information

PURCHASE OF FREEHOLD OR LEASEHOLD RESIDENTIAL PROPERTY

PURCHASE OF FREEHOLD OR LEASEHOLD RESIDENTIAL PROPERTY PURCHASE OF FREEHOLD OR LEASEHOLD RESIDENTIAL PROPERTY Our fees cover all of the work required to complete the purchase of a residential property (either freehold or leasehold) including dealing with the

More information

Looking After Your Move

Looking After Your Move Looking After Your Move Your Guide to Buying and Selling Your Home Tel: 0114 218 4000 E. info@tayloremmet.co.uk www.tayloremmet.co.uk Contents Your move.. 3 Important Dates.. 3 Up to Exchange of Contracts..

More information

Buying a home. Your guide to. Getting advice. Finding a solicitor.

Buying a home. Your guide to. Getting advice. Finding a solicitor. Your guide to Buying a home Getting advice Buying a home can be an exciting prospect, but without the help of a solicitor it can also be a legal minefield. Your solicitor is there to help you avoid potential

More information

CLIENT GUIDE TO CONVEYANCING MATTERS

CLIENT GUIDE TO CONVEYANCING MATTERS CLIENT GUIDE TO CONVEYANCING MATTERS 1. INTRODUCTION This guide explains some of the terms used in conveyancing, the steps which are usually taken (and the reasons for them), and the factors which dictate

More information

Tozers guide to selling your home

Tozers guide to selling your home Call 01392 207020 enquiries@tozers.co.uk www.tozers.co.uk Tozers guide to selling your home Moving home can be a stressful experience so it pays to get the right advice. As one of the oldest and largest

More information

THE PROCESS OF CONVEYANCING (The Business of Buying and Selling)

THE PROCESS OF CONVEYANCING (The Business of Buying and Selling) A GUIDE TO THE PROCESS OF MOVING HOUSE It goes without saying that moving home can be stressful. The process does not always run smoothly In this guide we will give you a brief outline of the conveyancing

More information

SRA Transparency Rules Cost & Service

SRA Transparency Rules Cost & Service 0116 201 8566 enquiries@dodds-solicitors.co.uk SRA Transparency Rules Cost & Service Conveyancing: Fixed fee Our residential conveyancing team is comprised of 3 experienced members including our licensed

More information

GENERAL GUIDANCE ON SELLING AND BUYING RESIDENTIAL PROPERTY THESE NOTES HAVE BEEN PREPARED TO ASSIST YOU AND EXPLAIN THE BUYING AND SELLING PROCESS

GENERAL GUIDANCE ON SELLING AND BUYING RESIDENTIAL PROPERTY THESE NOTES HAVE BEEN PREPARED TO ASSIST YOU AND EXPLAIN THE BUYING AND SELLING PROCESS GENERAL GUIDANCE ON SELLING AND BUYING RESIDENTIAL PROPERTY THESE NOTES HAVE BEEN PREPARED TO ASSIST YOU AND EXPLAIN THE BUYING AND SELLING PROCESS TO ARRANGE AN INITIAL CONSULTATION PLEASE CALL 020 888

More information

Equity Release Mortgages (please contact us for a bespoke quote

Equity Release Mortgages (please contact us for a bespoke quote Residential Conveyancing Cost Guidance The services we provide: Freehold sale or purchase Leasehold sale or purchase Mortgages or Re-Mortgages Equity Release Mortgages (please contact us for a bespoke

More information

Example for a registered Freehold purchase of 150,000 (this estimate does not include Help to Buy Scheme or New build properties).

Example for a registered Freehold purchase of 150,000 (this estimate does not include Help to Buy Scheme or New build properties). Irvings Pricing Overview These examples are given in order to comply with regulatory requirements and in order to be as helpful to you as possible. We are not offering to enter into a contract to supply

More information

Your guide to Buying a home

Your guide to Buying a home www.lawsociety.org.uk 1 Getting advice can be an exciting prospect, but without the help of a solicitor it can also be a legal minefield. Your solicitor is qualified in all areas of property law and is

More information

Glossary. July

Glossary. July Agreement Acting for the Lender Bankruptcy search Breach of contract Brine search Caveat Emptor Chain Chancel Search Chattels Client Care Letter Completion Date Completion Statement Contract Conveyancing

More information

Conveyancing. Pricing. wardhadaway.com. Newcastle Leeds Manchester

Conveyancing. Pricing. wardhadaway.com. Newcastle Leeds Manchester Conveyancing Pricing Newcastle Leeds Manchester Ward Hadaway wardhadaway.com @WardHadaway Conveyancing Our residential conveyancing team advise on freehold or leasehold sales or purchases as well as re-mortgages

More information

A method of payment through a bank which is free but takes up to 3 days. A check on whether a person is, or is about to be Bankrupt.

A method of payment through a bank which is free but takes up to 3 days. A check on whether a person is, or is about to be Bankrupt. Adopted Apportionments BACS Payment Bankruptcy Search Caveat Emptor Certificate of Title Certified Copy Chain Chancel Repair Liability Charge Completion Conservation Area When a Local Authority (council)

More information

Disbursements in Conveyancing

Disbursements in Conveyancing Conveyancing Marketing Services Ltd Disbursements in Conveyancing The definition of a disbursement is a payment that has to be made to a third party such as The Land Registry for online or direct registration

More information

we apply for the necessary searches you make your mortgage application (if applicable)

we apply for the necessary searches you make your mortgage application (if applicable) NOTES FOR BUYERS These notes contain important information about buying a property, and we ask you to read through them carefully. They form an integral part of our conveyancing service, and we hope that

More information

CONVEYANCING SERVICES

CONVEYANCING SERVICES CONVEYANCING SERVICES We can help you sell your property. SALE OF PROPERTY All the work required to complete the sale of your home, including dealing with redemption of any existing Mortgage on the property,

More information

YOUR GUIDE TO THE LEGAL PROCESS FOR SELLING A PROPERTY

YOUR GUIDE TO THE LEGAL PROCESS FOR SELLING A PROPERTY YOUR GUIDE TO THE LEGAL PROCESS FOR SELLING A PROPERTY Selling a house or flat is almost certainly one of the most important transactions you'll ever make. Obviously you want to get it right, and it's

More information

RESIDENTIAL CONVEYANCING. Pricing Information

RESIDENTIAL CONVEYANCING. Pricing Information RESIDENTIAL CONVEYANCING Pricing Information This document sets out the pricing guidance for the conveyancing of residential property covering: Purchase of Freehold or Leasehold properties Sale of Freehold

More information

EQ Solicitors: Pricing Information

EQ Solicitors: Pricing Information EQ Solicitors: Pricing Information Contents Residential Conveyancing: Purchase of a freehold residential property... 2 Residential Conveyancing: Purchase of a leasehold residential property... 3 Probate

More information

Purchase of a leasehold residential property

Purchase of a leasehold residential property Purchase of a leasehold residential property Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the

More information

SRA Transparency Rules

SRA Transparency Rules SRA Transparency Rules 1. FEES CONVEYANCING: FIXED FEE We do not offer fixed fee conveyancing as it would not be beneficial to you. When you make an enquiry for us to conduct work on your behalf we will

More information

RESIDENTIAL CONVEYANCING

RESIDENTIAL CONVEYANCING RESIDENTIAL CONVEYANCING Residential property transactions can vary from transaction to transaction as no two transactions will be the same. The reason being that no two properties are the same, no two

More information

Your Guide To Conveyancing. Conveyancing excellence as standard

Your Guide To Conveyancing. Conveyancing excellence as standard Your Guide To Conveyancing Conveyancing excellence as standard 1 At Robinson s Solicitors we appreciate that your home is potentially the single most expensive item you own and that any property transaction

More information

Residential property matters

Residential property matters 1 Residential property matters The manner in which our fees are calculated, depend on many factors which include (although the below isn t an exhaustive list): Whether the property has been significantly

More information

RESIDENTIAL CONVEYANCING FEES ESTIMATES (OCT 2018)

RESIDENTIAL CONVEYANCING FEES ESTIMATES (OCT 2018) SALE FREEHOLD (HOUSE) RESIDENTIAL CONVEYANCING FEES ESTIMATES (OCT 2018) VALUE 0-125,000 950 190 1140 125,001-150,000 1050 210 1260 150,001-250,000 1100 220 1320 250,001-300,000 1150 230 1380 300,001-400,000

More information

FIRST TIME HOMEBUYERS Moving forward together

FIRST TIME HOMEBUYERS Moving forward together www.palmerslaw.co.uk GUIDE FOR FIRST TIME HOMEBUYERS Moving forward together FIRST TIME HOMEBUYERS FACE A CHALLENGING YET EXCITING TIME WHEN AGREEING TO BUY THEIR FIRST PROPERTY. Buyers must always take

More information

A guide to. Shared Ownership. for you - for your community - not for profit.

A guide to. Shared Ownership. for you - for your community - not for profit. A guide to Shared Ownership www.tworivershousing.org.uk for you - for your community - not for profit What is Shared Ownership? Shared Ownership is an affordable way to buy your own home. With Shared Ownership

More information

Common mistakes people make when moving house ( and how to avoid them)

Common mistakes people make when moving house ( and how to avoid them) Common mistakes people make when moving house ( and how to avoid them) For many people buying or selling a home is an extremely stressful experience. Usually the process involves a chain of transactions

More information

Fees Examples. Please contact us for a detailed estimate specific to your proposed instruction.

Fees Examples. Please contact us for a detailed estimate specific to your proposed instruction. Fees Examples In order to comply with the requirements of the SRA Transparency Rules 2018, please see below worked examples of our fees in the following practice areas; Immigration, Probate, Conveyancing

More information

CONVEYANCING NORTHERN BEACHES

CONVEYANCING NORTHERN BEACHES CONVEYANCING NORTHERN BEACHES We look after all Properties in NSW. RJ Thomas Solicitor Knowledge transformed into results We look after all Properties in NSW Your property will probably be the biggest

More information

The Right to Acquire. Contents. Contents Making an informed decision Can you buy your home? How to buy your home 7. 4.

The Right to Acquire. Contents. Contents Making an informed decision Can you buy your home? How to buy your home 7. 4. The Right to Acquire Contents Contents 1 1. Making an informed decision 3 2. Can you buy your home? 7 3. How to buy your home 7 4. Discount 9 5. Repairs 10 6. Problems with the buying procedure 10 7. Who

More information

SRA TRANSPARENCY RULES

SRA TRANSPARENCY RULES SRA TRANSPARENCY RULES 06/12/2018 In accordance with the transparency rules introduced by the SRA, we are now pleased to display our firm s pricing and service information in relation to the following

More information

Assessment criteria. The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office

Assessment criteria. The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office Unit 10 Title: Conveyancing (Registered residential freehold with vacant possession) Level: 3 Credit Value: 7 Learning outcomes The learner will: 1 Understand the meaning of the term conveyancing Assessment

More information

Your guide to Shared Ownership

Your guide to Shared Ownership Your guide to Shared Ownership www.whitehorsehousing.co.uk Who is White Horse Housing Association? We are a small not-for-profit housing association that has been in existence for over 30 years. We currently

More information

SSAS Information Booklet Property Investment

SSAS Information Booklet Property Investment SSAS Information Booklet Property Investment About property investments Property investment within a SSAS is complex. This booklet aims to help you to understand the processes involved. However, it is

More information

A guide to. Shared Ownership

A guide to. Shared Ownership A guide to Shared Ownership V1. August 2016 What is Shared Ownership? Shared Ownership is an affordable way to buy your own home. With Shared Ownership you can part-rent and part-buy a property. If you

More information

Selling residential property in England and Wales: the basics

Selling residential property in England and Wales: the basics Selling residential property in England and Wales: the basics Farrer & Co s first-rate property team excels at tricky issues - Legal 500 Navigating the property market Once you have made the decision to

More information

Shared Ownership. Buyers Guide

Shared Ownership. Buyers Guide Shared Ownership Buyers Guide Shared Ownership Shared Ownership provides an affordable way to buy a home. You purchase a share in a brand new home and pay a subsidised rent on the part you don t own. In

More information

Your Guide to Resales

Your Guide to Resales Your Guide to Resales How To Sell Your Shared Ownership Home Resales Selling your Home with Estuary Housing Association Limited As a Shared Owner with Estuary Housing Association Limited (EHA), we recognise

More information

Your guide to Shared Ownership

Your guide to Shared Ownership Your guide to Shared Ownership www.whitehorsehousing.co.uk White Horse Housing Association Guide to Shared Ownership 2017 Who is White Horse Housing Association? We are a small not-for-profit housing association

More information

A step-by-step guide to... Help to Buy. Shared Ownership. hastoesales.com

A step-by-step guide to... Help to Buy. Shared Ownership. hastoesales.com A step-by-step guide to... Help to Buy Shared Ownership hastoesales.com Help to Buy Shared Ownership (part buy, part rent) 2 If you want to buy a home of your own, but don t quite have enough money to

More information

The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office.

The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office. Unit 10 Title: Conveyancing (Registered residential freehold with vacant possession) Level: 3 Credit Value: 7 Learning outcomes The learner will: 1 Understand the meaning of the term conveyancing Assessment

More information

Legal Fee Information for. Purchase of a Freehold or Leasehold Residential Property

Legal Fee Information for. Purchase of a Freehold or Leasehold Residential Property Legal Fee Information for Purchase of a Freehold or Leasehold Residential Property Introduction Our Legal Fees cover all of the work required to complete the purchase of your new home, including dealing

More information

A home of your own SHARED OWNERSHIP (PART BUY/PART RENT)

A home of your own SHARED OWNERSHIP (PART BUY/PART RENT) A home of your own SHARED OWNERSHIP (PART BUY/PART RENT) www.graingerplc.co.uk Shared Ownership Home ownership is something prior generations took for granted. Now, with rising house prices and rising

More information

Second edition. Guide to Conveyancing

Second edition. Guide to Conveyancing Second edition Guide to Conveyancing Contents Introduction 3 Conveyancing Quality Scheme 4 Communication 5 Protecting yourself from being a victim of cybercrime 5 Technical terms 5 Survey 6 Environmental

More information

A guide to Shared Ownership

A guide to Shared Ownership A guide to Shared Ownership A flexible way to buy If you dream of owning your own home, but can t afford to because of current property prices, then Shared Ownership could be for you. This is a scheme

More information

Shared ownership A buyer s guide. Sharing your future Living your dreams

Shared ownership A buyer s guide. Sharing your future Living your dreams Shared ownership A buyer s guide Sharing your future Living your dreams Shared ownership A buyer s guide Contents Shared ownership gives you and your family the opportunity to step onto the property ladder

More information

MOVING HOME? Our team will guide you through each step of the buying and selling process.

MOVING HOME? Our team will guide you through each step of the buying and selling process. MOVING HOME? Our team will guide you through each step of the buying and selling process. THE THOMPSON SMITH AND PUXON RESIDENTIAL PROPERTY TEAM The TSP team will guide you through each step of the buying

More information

The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office.

The learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office. Unit 10 Title: Conveyancing (Registered residential freehold with vacant possession) Level: 3 Credit Value: 7 Learning outcomes The learner will: 1 Understand the meaning of the term conveyancing Assessment

More information

YOUR CLIENT JOURNEY. When buying property with Scullion LAW

YOUR CLIENT JOURNEY. When buying property with Scullion LAW YOUR CLIENT JOURNEY When buying property with Scullion LAW THE BEGINNING Your Finances Home Report Your Offer Your ID THE PROCESS Missives Conveyancing Funding, Signing & Completion THE END Post-Completion

More information

D C Law Your Guide to Property Transactions

D C Law Your Guide to Property Transactions D C Law 2013 Your Guide to Property Transactions Contents 1. Welcome... 3 A word about signing!... 3 Help us with Anti Money Laundering... 3 2. The Process in a Nutshell... 4 3. The Sale Transaction...

More information

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat ADVICE NOTE BUYING AND SELLING YOUR FLAT A summary of the typical events when buying and selling a leasehold flat 2 CONTENTS Note: As the leading trade body for residential leasehold management, ARMA is

More information

The amounts mentioned above are excluding any VAT or other applicable taxes.

The amounts mentioned above are excluding any VAT or other applicable taxes. Bargate Murray Fees Property Purchase Our costs cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the

More information

Estate Agents. alexander taylor The Property Boutique

Estate Agents. alexander taylor The Property Boutique Estate Agents alexander taylor The Property Boutique alexander taylor Whatever your property requirements are, our comprehensive and qualified team at Alexander Taylor is on hand to help you every step

More information

ADDRESS FULL NAME. Have you been known by any other name(s)? Yes No If yes, what name(s)? MOBILE PHONE ADDRESS

ADDRESS FULL NAME. Have you been known by any other name(s)? Yes No If yes, what name(s)? MOBILE PHONE  ADDRESS PART 1 How did you find out about this property? Website Rental Sign Walk in Referral Other Agency Details Daynes Property 28 Elizabeth Street ACACIA RIDGE QLD 4110 Chloe 0427 856 589 Fax 07 3488 8191

More information

LEASEHOLD PROPERTY CLIENT GUIDE

LEASEHOLD PROPERTY CLIENT GUIDE CLIENT GUIDE LEASEHOLD PROPERTY As the owner of a Leasehold property, it is in your own interest to understand the legal nature of the ownership. What exactly do you own and what are the associated rights

More information

1.1 Explain the nature and the characteristics of a lease.

1.1 Explain the nature and the characteristics of a lease. Title Residential and Commercial Leasehold Conveyancing Level 3 Credit value 7 (Registered land only) Learning outcomes The learner will: 1. Understand the nature of a lease. Assessment criteria The learner

More information

Lease Extension Interested in extending your lease? We hope you find this guide useful in informing you of your options and how to go about it.

Lease Extension Interested in extending your lease? We hope you find this guide useful in informing you of your options and how to go about it. Lease Extension Interested in extending your lease? We hope you find this guide useful in informing you of your options and how to go about it. If you own a flat and you wish to extend your lease then

More information

Guide to Buying a New Build Home

Guide to Buying a New Build Home Guide to Buying a New Build Home Buying a home is perhaps the most important purchase you will ever make and the Jackson-Stops & Staff Residential Development team will offer you all the support you need

More information

How to extend the terms of your lease

How to extend the terms of your lease How to extend the terms of your lease Most leasehold properties start off with a lease of either 99 or 125 years. The number of years left on a lease is known as the term. Over the years this term reduces

More information

HOME SWEET HOME A guide to buying and selling property.

HOME SWEET HOME A guide to buying and selling property. HOME SWEET HOME A guide to buying and selling property. 2 A guide to help you We know that the legal side of buying or selling your home can seem quite complicated and stressful, so we ve put together

More information

Home Movers Guide.

Home Movers Guide. Goughs Home Movers Guide 12pp A4 FINAL CMYK.qxp_Layout 1 18/02/2016 14:30 Page 1 Home Movers Guide Home Movers Guide Whether you are a first time buyer, moving up the property ladder, buying property for

More information

Conveyancing Glossary of Terms

Conveyancing Glossary of Terms J E Baring & Co 63-66 Hatton Garden London EC1N 8LE Telephone: 020 7242 8966 Email : info@jebaring.co.uk www.jebaring.co.uk Conveyancing Glossary of Terms Absent Landlord Describes position where on a

More information

1.1 Explain the nature and the characteristics of a lease

1.1 Explain the nature and the characteristics of a lease Title Residential and Commercial Leasehold Conveyancing Level 3 Credit value 7 (Registered land only) Learning outcomes The learner will: Assessment criteria The learner can Knowledge, understanding and

More information

What is. Shared Ownership?

What is. Shared Ownership? What is Shared Ownership? What is Shared Ownership? Page 1 Am I eligible? Page 3 Applying for your mortgage Page 13 Where do I register? Page 5 Solicitors Page 15 Viewing and reserving a property Page

More information

Your guide to: Staircasing. How to buy further shares in your Shared Ownership home. Great homes, positive people, strong communities

Your guide to: Staircasing. How to buy further shares in your Shared Ownership home. Great homes, positive people, strong communities Your guide to: Staircasing How to buy further shares in your Shared Ownership home Great homes, positive people, strong communities Contents What is staircasing? 1 What provisions are there for staircasing?

More information

PROPERTY INVESTMENT NOTES

PROPERTY INVESTMENT NOTES OPEN PENSION PROPERTY INVESTMENT NOTES Powered by the London & Colonial... www.londoncolonial.com Contents 1. Introduction... Page 2 2. The People... Page 2 3. The Process... Page 3 4. How do I apply to

More information

FOCUS SOFTWARE PROPERTY MANAGER USER S GUIDE

FOCUS SOFTWARE PROPERTY MANAGER USER S GUIDE VERSION 1.6a OCTOBER 31, 2016 FOCUS SOFTWARE PROPERTY MANAGER USER S GUIDE Housing Compliance Services 2999 Oak Road, Suite 710 Walnut Creek, CA 94597 FOCUS SOFTWARE PROPERTY MANAGER USER S GUIDE TABLE

More information

Your guide to: Extending your lease

Your guide to: Extending your lease Your lease is the document that gives you the right to live in your property for a certain amount of time usually 99 or 125 years. Once the time remaining on your lease drops under 80 years, the value

More information

GUIDE TO SSAS PROPERTY PURCHASE

GUIDE TO SSAS PROPERTY PURCHASE GUIDE TO SSAS PROPERTY PURCHASE www.investaccpensions.co.uk 2 InvestAcc Pension Administration Limited Guide to SSAS Property Purchase Guide to Purchasing Property and Land through your SSAS This guide

More information

Contents. Table of Statutes. Table of Secondary Legislation. Table of Cases. Conveyancing Procedures in Outline

Contents. Table of Statutes. Table of Secondary Legislation. Table of Cases. Conveyancing Procedures in Outline Contents Table of Statutes Table of Secondary Legislation Table of Cases Chapter 1: Conveyancing Procedures in Outline 1.1 Introduction 1.2 The nature of rights in land 1.3 The conveyancing transaction

More information

HomePurchasePlan. Banking you can believe in ENGLAND & WALES PRODUCT INFORMATION

HomePurchasePlan. Banking you can believe in ENGLAND & WALES PRODUCT INFORMATION HomePurchasePlan ENGLAND & WALES PRODUCT INFORMATION Banking you can believe in Banking you can believe in Introduction Sharia compliant, flexible, affordable property finance Unlike a conventional mortgage

More information

Property administration overview and risk warning notice

Property administration overview and risk warning notice Property administration overview and risk warning notice Overview of property administration You have informed us that you wish to purchase a property within your Scheme. Please complete and return to

More information

Standard Legal Fees Explained

Standard Legal Fees Explained Standard Legal Fees Explained Information about purchase transactions can be found on page 4. Remortgage Transaction If stated in the Offer of Loan, Bank of Ireland UK will pay for the legal fees and disbursements

More information

Buying & Selling Your Home a Guide

Buying & Selling Your Home a Guide Buying & Selling Your Home a Guide Introduction Buying or selling your house is likely to be the most important financial transaction you will ever enter into. Our practice covers all areas of the law

More information

Your guide to: Extending your lease

Your guide to: Extending your lease Your lease is the document that gives you the right to live in your property for a certain amount of time usually 99 or 125 years. Once the time remaining on your lease drops under 80 years, the value

More information

CONVEYANCING INFORMATION PACK

CONVEYANCING INFORMATION PACK CONVEYANCING INFORMATION PACK 1 Contents About Us 3 Our Services 4 Settlement for Sale or Purchase of Property 4 Land & Community Divisions 5 Land Division - Schedule of Fees and Charges 7 Community Title

More information

buying with Your Home...

buying with Your Home... buying with Your Home... making homes affordable... Your Home by heylo... Launched in September 2014, heylo has created one of the largest shared ownership delivery programmes in the UK, delivering a step

More information

Your guide to. Shared Ownership. An affordable way to purchase your own home

Your guide to. Shared Ownership. An affordable way to purchase your own home Your guide to Shared Ownership An affordable way to purchase your own home Shared ownership, an affordable way to purchase a home on the open market At Yarlington Homes we provide more than just somewhere

More information

Guide to Shared Ownership. Making Home Ownership Affordable

Guide to Shared Ownership. Making Home Ownership Affordable Guide to Shared Ownership Making Home Ownership Affordable Shared Ownership Contents What is a Housing Association? 4 What is Shared Ownership? 4 How Does Shared Ownership Work? 5 How Do I Qualify? 6 What

More information

The 15 Step Guide. To Successfully Buying Property In Queensland. Telephone: (07)

The 15 Step Guide. To Successfully Buying Property In Queensland. Telephone: (07) The 15 Step Guide To Successfully Buying Property In Queensland 1 McColm Matsinger Lawyers retain copyright for this e-book and any related articles or links. Warning: This e-book contains general advice

More information

Price Guide edition

Price Guide edition Price Guide 2018-2019 edition Introduction SCJ Solicitors is a firm of solicitors based in Caernarfon, North Wales. Opening in 2014, we strive to offer our clients legal services that are unbeaten in terms

More information

COMMERCIAL BUYING GUIDE

COMMERCIAL BUYING GUIDE COMMERCIAL BUYING GUIDE This information guide is intended to provide you with a brief outline of the work involved in a commercial property transaction and to offer a brief insight into the mechanics

More information

Self-Builds Independent

Self-Builds Independent What you need to know Self-Builds Offering Independent Mortgage Advice Contact Us: Telephone: +44 (0) 1983 616666 Look us up: www.prospectmortgage.co.uk About 12,000 people build their own homes in the

More information

Guideline Leaflet PM01: Buying a Manse

Guideline Leaflet PM01: Buying a Manse Guideline Leaflet PM01: Buying a Manse A church may purchase a manse for their minister. They will sometimes buy residential property as an investment or to accommodate other workers. This leaflet explains

More information

Guide to conveyancing

Guide to conveyancing Guide to conveyancing More than a million residential property transactions take place in the UK every single year. In recent years the number of deals has been bolstered by the improvement in the economy,

More information

GUIDE TO SIPP PROPERTY PURCHASE

GUIDE TO SIPP PROPERTY PURCHASE GUIDE TO SIPP PROPERTY PURCHASE www.investaccpensions.co.uk 2 InvestAcc Pension Administration Limited Guide to SIPP Property Purchase Guide to Purchasing Property and Land through your SIPP This guide

More information

Shared Ownership at Derwenthorpe A Step By Step Guide

Shared Ownership at Derwenthorpe A Step By Step Guide Shared Ownership at Derwenthorpe A Step By Step Guide Derwenthorpe Building began on the Lothertington and Seebohm Quarters of the Derwenthorpe development in 2013 after the success of the Stephenson

More information

2.1 Introduction 2.2 Title documentation 2.3 The register 2.4 Applications to the Land Registry 2.5 Rights of third parties 2.

2.1 Introduction 2.2 Title documentation 2.3 The register 2.4 Applications to the Land Registry 2.5 Rights of third parties 2. Contents Table of Statutes Table of Secondary Legislation Table of Cases Chapter 1: An Introduction to Conveyancing 1.1 Introduction 1.2 Types of conveyancing transaction 1.3 Ownership of land 1.3.1 Land

More information

Terms and Conditions of Appointment

Terms and Conditions of Appointment Terms and Conditions of Appointment Terms and Conditions of Appointment Definitions Agreement refers to the Terms of Business between the Agent and the Client The Agent refers to SurreyLets Ltd Client

More information

A guide for first time buyers

A guide for first time buyers On the move: A guide for first time buyers www.legalombudsman.org.uk 1 Introduction Buying your first home can be a daunting experience. There are lots of things to sort out, such as surveys, checking

More information

Leasehold Management Policy

Leasehold Management Policy Author(s): Simon McCracken and Liz Evans Leasehold Management Policy Approved by: The Board Date: 3 rd December 2015 Date Published: 1 st January 2016 Version: Live 3.0 Review Date: December 2019 Contents

More information

This new legislation has important practical implications for both Buyers and Sellers of real estate in the ACT.

This new legislation has important practical implications for both Buyers and Sellers of real estate in the ACT. Real Estate in the A.C.T. Tips for Sellers & Buyers The legal position with respect to buying and selling real estate in the ACT has undergone significant changes since 1 July 2004 when the ACT Government

More information

PRODUCT DISCLOSURE STATEMENT

PRODUCT DISCLOSURE STATEMENT PRODUCT DISCLOSURE STATEMENT Property: Property means the address of the property settlement Seller(s): Seller means the person/s or entity selling the property Buyer(s): Buyer means the person/s or entity

More information

Informal/conditional Auction Terms and Conditions

Informal/conditional Auction Terms and Conditions Informal/conditional Auction Terms and Conditions These conditions govern the conduct of conditional or informal auctions operated by Paul Fosh Auctions Limited (Company or Auctioneer or us/we/our). All

More information

IMPORTANT INFORMATION FOR PURCHASERS REGARDING THE PURCHASE OF PROPERTY

IMPORTANT INFORMATION FOR PURCHASERS REGARDING THE PURCHASE OF PROPERTY IMPORTANT INFORMATION FOR PURCHASERS REGARDING THE PURCHASE OF PROPERTY The following information is of great importance to all purchasers of land, houses and units. We ask that you read this document

More information